Common use of Limited Damage to Leased Premises, Access or Services Clause in Contracts

Limited Damage to Leased Premises, Access or Services. If during the Term, the Leased Premises or any part thereof, or other portions of the Building providing access or Services essential to the Leased Premises, shall be destroyed or damaged by any hazard against which the Landlord is obligated to insure pursuant to Section 9.01, the Landlord, if permitted by law to do so, shall proceed with reasonable diligence to rebuild and restore or repair the Leased Premises or comparable premises or such access routes or Service systems, as the case may be, in conformance with current laws to the extent of insurance proceeds received. The covenants of the Tenant to repair shall not include any repairs of damage required to be made by the Landlord under this Section 10.01. For greater certainty, it is understood and agreed that, upon substantial completion of the Landlord's work, the Tenant shall repair or restore the Leased Premises as required by Section 7.06. Rent payable by the Tenant shall xxxxx from the date of such damage or destruction to the date of substantial completion of the Landlord's work as determined by the Landlord's architect or engineer or restoration of access or Services, as the case may be. It less than all of the Leased Premises is destroyed or damaged as contemplated in this Section 10.01, Rent payable by the Tenant shall xxxxx from the date of such damage or destruction to the date of substantial completion of the Landlord's work in the same proportion as the Rentable Area of the Leased Premises so damaged or destroyed is of the total Rentable Area of the Leased Premises.

Appears in 1 contract

Samples: SmartCool Systems, Inc.

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Limited Damage to Leased Premises, Access or Services. If during the Term, the Leased Premises or any part thereof, thereof or other portions parts of the Building providing access or Services services essential to the Leased Premises, Premises shall be destroyed or damaged by any hazard against which the Landlord is obligated to insure pursuant to Section 9.01or has insured hereunder, the Landlord, if permitted by law so to do sodo, shall proceed with reasonable diligence to rebuild rebuilt and restore or repair the Leased Premises or comparable premises or such access routes or Service systemsservices, as the case may be, in conformance with current laws but only to the extent of insurance proceeds received. The covenants of the Tenant to repair shall not include any repairs of damage required to be made by the Landlord under this Section 10.01Section. For greater certainty, it is understood and agreed that, upon substantial Rent payable by Tenant from the date of such damage or destruction to the date of completion of the Landlord's workwork or availability of access or services, as the case may be, shall xxxxx to the extent of all amounts attributable to the Tenant shall repair or restore which Landlord may receive from insurance. If less than all of the Leased Premises is destroyed or damaged as required by contemplated in this Section 7.06. 10.01, Annual Basic Rent payable by the Tenant shall xxxxx from the date of such damage or destruction to the date of substantial completion of the Landlord's work as determined by the Landlord's architect or engineer or restoration of access or Services, as the case may be. It less than all of the Leased Premises is destroyed or damaged as contemplated in this Section 10.01, Rent payable by the Tenant shall xxxxx from the date of such damage or destruction to the date of substantial completion of the Landlord's work in the same proportion as the Rentable Area of the Leased Premises so damaged or destroyed is of the total Rentable Area of the Leased Premises.

Appears in 1 contract

Samples: Office Lease (Moventis Capital, Inc.)

Limited Damage to Leased Premises, Access or Services. If during the Term, the Leased Premises or any part thereof, or other portions of the Building providing access or Services essential to the Leased Premises, shall be destroyed or damaged by any hazard against which the Landlord is obligated to insure pursuant to Section 9.01, the Landlord, if permitted by law to do so, shall proceed with reasonable diligence to rebuild and restore or repair the Leased Premises or comparable premises or such access routes or Service systems, as the case may be, in conformance with current laws to the extent of insurance proceeds received. The covenants of the Tenant to repair shall not include any repairs of damage required to be made by the Landlord under this Section 10.01. For greater certainty, it is understood and agreed that, upon substantial completion of the Landlord's ’s work, the Tenant shall repair or restore the Leased Premises as required by Section 7.06. Rent payable by the Tenant shall xxxxx from the date of such damage or destruction to the date of substantial completion of the Landlord's ’s work as determined by the Landlord's ’s architect or engineer or restoration of access or Services, as the case may be. It If less than all of the Leased Premises is destroyed or damaged as contemplated in this Section 10.01, Rent payable by the Tenant shall xxxxx from the date of such damage or destruction to the date of substantial completion of the Landlord's ’s work in the same proportion as the Rentable Area of the Leased Premises so damaged or destroyed is of the total Rentable Area of the Leased Premises.

Appears in 1 contract

Samples: Telvent Git S A

Limited Damage to Leased Premises, Access or Services. If during the Term, the Leased Premises or any part thereof, or other portions of the Building providing access or Services essential to the Leased Premises, shall be destroyed or damaged by any hazard against which the Landlord is obligated to insure pursuant to Section 9.01, the Landlord, if permitted by law so to do sodo, shall proceed with reasonable diligence to rebuild and restore or repair the Leased Premises or comparable premises or such access routes or Service systems, as the case may be, in conformance with current laws to the extent of insurance proceeds received. The covenants of the Tenant to repair shall not include any repairs of damage required to be made by the Landlord under this Section 10.01. For greater certainty, it is understood and agreed that, upon substantial completion of the Landlord's work, except that the Tenant shall repair be responsible for its Leasehold Improvements, fixtures and equipment in, on or restore about the Leased Premises as required by Section 7.06Premises. Rent payable by the Tenant shall xxxxx from the date of such damage or destruction to the date of substantial completion of the Landlord's work as determined by the Landlord's architect or engineer or restoration of access or Services, as the case may be. It If less than all of the Leased Premises is destroyed or damaged as contemplated in this Section 10.01, Rent payable by the Tenant shall xxxxx from the date of such damage or destruction to the date of substantial completion of the Landlord's work in the same proportion as the Rentable Area of the Leased Premises so damaged or destroyed is of the total Rentable Area of the Leased Premises.

Appears in 1 contract

Samples: Lease Extension and Amending Agreement (Nevada Geothermal Power Inc)

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Limited Damage to Leased Premises, Access or Services. If during the Term, the Leased Premises or any part thereof, or other portions of the Building providing access or Services essential to the Leased Premises, shall be destroyed or damaged by any hazard against which the Landlord is obligated to insure pursuant to Section 9.01, the Landlord, if permitted by law to do so, shall proceed with reasonable diligence to rebuild and restore or repair the Leased Premises or comparable premises or such access routes or Service systems, as the case may be, in conformance with current laws to the extent of insurance proceeds received. The covenants of the Tenant to repair shall not include any repairs of damage required to be made by the Landlord under this Section 10.01. For greater certainty, it is understood and agreed that, upon substantial completion of the Landlord's work, the Tenant shall repair or restore the Leased Premises as required by Section 7.06. , Rent payable by the Tenant shall xxxxx abate from the date of such damage or destruction to the date of daxx xf substantial completion of the Landlord's work as determined by the Landlord's architect or engineer or restoration of access or Services, as the case may be. It If less than all of the Leased Premises is destroyed or damaged as contemplated in this Section 10.01, Rent payable by the Tenant shall xxxxx abate from the date of such damage or destruction to the date of substantial xxxxxantial completion of the Landlord's work in the same proportion as the Rentable Area of the Leased Premises so damaged or destroyed is of the total Rentable Area of the Leased Premises.

Appears in 1 contract

Samples: Strategy International Insurance Group Inc

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